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Happy GOP Presidency folks; here is your GOP curse ........... I told folks Trump would tank the economy & no one listened .........
Dow Jones Falling: Is a Curse on GOP Presidents to Blame? | Money
Theories abound as to why the stock market seems to be falling apart — with the Dow Jones industrial average plunging another 1,000 points on Thursday and slipping into an official “correction.”
Some think this is a sign investors are scared of rising interest rates and inflation. Others believe the market simply got ahead of itself last year. And still others blame a slew of new-fangled leveraged investment funds that let investors bet on or against market volatility.
But history suggests there could be a simpler explanation.
Call it the GOP president’s curse.
“Every Republican president since Teddy Roosevelt has experienced a recession in his first two years in office,” says Sam Stovall, chief investment strategist for the research firm CFRA.
Make Recessions Great Again
Dow Jones Falling: Is a Curse on GOP Presidents to Blame? | Money
Theories abound as to why the stock market seems to be falling apart — with the Dow Jones industrial average plunging another 1,000 points on Thursday and slipping into an official “correction.”
Some think this is a sign investors are scared of rising interest rates and inflation. Others believe the market simply got ahead of itself last year. And still others blame a slew of new-fangled leveraged investment funds that let investors bet on or against market volatility.
But history suggests there could be a simpler explanation.
Call it the GOP president’s curse.
“Every Republican president since Teddy Roosevelt has experienced a recession in his first two years in office,” says Sam Stovall, chief investment strategist for the research firm CFRA.
Make Recessions Great Again
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